2011 Q4 Form 10-K Financial Statement

#000119312513089967 Filed on March 05, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $49.51M $47.62M $50.86M
YoY Change 7.58% 6.17% 11.98%
Cost Of Revenue $24.60M $17.00M $21.00M
YoY Change 69.19% 6.79% 26.58%
Gross Profit $24.91M $30.21M $29.86M
YoY Change -20.87% 4.41% 3.58%
Gross Profit Margin 50.32% 63.43% 58.71%
Selling, General & Admin $27.78M $27.77M $28.23M
YoY Change -2.7% 11.13% 12.38%
% of Gross Profit 111.52% 91.94% 94.54%
Research & Development $3.240M $3.858M $4.380M
YoY Change -20.59% -37.57% -12.4%
% of Gross Profit 13.01% 12.77% 14.67%
Depreciation & Amortization $4.940M $3.700M $4.980M
YoY Change 2.92% -19.74% 16.36%
% of Gross Profit 19.83% 12.25% 16.68%
Operating Expenses $41.40M $32.57M $33.17M
YoY Change 24.77% 2.74% 6.71%
Operating Profit -$16.49M -$2.362M -$3.304M
YoY Change 869.88% -14.73% 46.84%
Interest Expense -$690.0K $725.0K -$840.0K
YoY Change -68.92% -162.5% -40.43%
% of Operating Profit
Other Income/Expense, Net -$250.0K -$475.0K $340.0K
YoY Change 127.27% -778.57% -69.09%
Pretax Income -$17.43M -$2.837M -$3.810M
YoY Change 332.51% -37.79% 13.06%
Income Tax -$1.460M -$1.533M -$760.0K
% Of Pretax Income
Net Earnings -$15.97M -$1.304M -$3.044M
YoY Change 454.38% -65.59% 2.15%
Net Earnings / Revenue -32.25% -2.74% -5.98%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.155M -$175.7K -$411.4K
COMMON SHARES
Basic Shares Outstanding 88.83M shares
Diluted Shares Outstanding 88.83M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.70M $22.10M $21.80M
YoY Change -10.78% -23.53% -43.23%
Cash & Equivalents $20.67M $22.14M $21.80M
Short-Term Investments
Other Short-Term Assets $8.100M $8.700M $10.40M
YoY Change -2.41% 12.99% 46.48%
Inventory $45.92M $48.80M $48.00M
Prepaid Expenses
Receivables $41.71M $39.80M $41.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $116.4M $119.4M $121.9M
YoY Change -5.19% -10.36% -8.07%
LONG-TERM ASSETS
Property, Plant & Equipment $31.48M $34.30M $34.70M
YoY Change -18.03% -12.94% -14.53%
Goodwill $168.6M
YoY Change -0.93%
Intangibles $47.14M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.034M $3.500M $4.200M
YoY Change 26.42% 12.9% 82.61%
Total Long-Term Assets $250.3M $253.3M $262.5M
YoY Change -1.55% -1.52% 8.43%
TOTAL ASSETS
Total Short-Term Assets $116.4M $119.4M $121.9M
Total Long-Term Assets $250.3M $253.3M $262.5M
Total Assets $366.7M $372.7M $384.4M
YoY Change -2.73% -4.53% 2.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.39M $15.00M $14.90M
YoY Change 8.69% -22.28% -29.72%
Accrued Expenses $32.58M $23.20M $23.40M
YoY Change 44.81% -5.69% 8.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.396M $2.500M $1.000M
YoY Change 158.59% -75.25% -90.0%
Total Short-Term Liabilities $57.14M $44.10M $42.50M
YoY Change 31.05% -23.97% -23.01%
LONG-TERM LIABILITIES
Long-Term Debt $23.80M $28.80M $32.20M
YoY Change -26.76% 26.87% 33.06%
Other Long-Term Liabilities $13.00M $1.800M $2.900M
YoY Change 490.77% -60.0% 11.54%
Total Long-Term Liabilities $36.80M $30.60M $35.10M
YoY Change 6.05% 12.5% 30.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.14M $44.10M $42.50M
Total Long-Term Liabilities $36.80M $30.60M $35.10M
Total Liabilities $93.94M $81.60M $85.50M
YoY Change 7.97% -16.48% -8.65%
SHAREHOLDERS EQUITY
Retained Earnings -$138.0M
YoY Change
Common Stock $9.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $97.00K $97.00K $97.00K
YoY Change
Treasury Stock Shares 19.00K shares
Shareholders Equity $268.9M $291.1M $298.9M
YoY Change
Total Liabilities & Shareholders Equity $366.7M $372.7M $384.4M
YoY Change -2.73% -4.53% 2.59%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$15.97M -$1.304M -$3.044M
YoY Change 454.38% -65.59% 2.15%
Depreciation, Depletion And Amortization $4.940M $3.700M $4.980M
YoY Change 2.92% -19.74% 16.36%
Cash From Operating Activities $2.300M $6.550M $2.950M
YoY Change -236.9% -444.74% -133.71%
INVESTING ACTIVITIES
Capital Expenditures -$420.0K -$4.150M -$2.220M
YoY Change -89.93% -25.76% -59.04%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$130.0K -$120.0K
YoY Change -136.36%
Cash From Investing Activities -$420.0K -$4.280M -$2.350M
YoY Change -89.93% -23.3% -53.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.930M -1.840M -380.0K
YoY Change 1771.43% 22.67% -100.95%
NET CHANGE
Cash From Operating Activities 2.300M 6.550M 2.950M
Cash From Investing Activities -420.0K -4.280M -2.350M
Cash From Financing Activities -3.930M -1.840M -380.0K
Net Change In Cash -2.050M 430.0K 220.0K
YoY Change -66.17% -104.79% -99.16%
FREE CASH FLOW
Cash From Operating Activities $2.300M $6.550M $2.950M
Capital Expenditures -$420.0K -$4.150M -$2.220M
Free Cash Flow $2.720M $10.70M $5.170M
YoY Change 9.24% 189.97% -255.26%

Facts In Submission

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CY2012Q4 atec Percentage Of Fair Value Exceeding Carrying Value
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CY2010Q4 atec Line Of Credit Facility Basis Spread On Prime Rate
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CY2010Q4 atec Line Of Credit Facility Amendment Date
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CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
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CY2010 us-gaap Increase Decrease In Other Operating Assets
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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CY2010 us-gaap Increase Decrease In Deferred Revenue
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CY2010 us-gaap Stock Repurchased And Retired During Period Value
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2010 us-gaap Payments To Minority Shareholders
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CY2010 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2010 us-gaap Interest Paid
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2010 us-gaap Provision For Doubtful Accounts
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CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2010 us-gaap Selling And Marketing Expense
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2010 us-gaap Current State And Local Tax Expense Benefit
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CY2010 us-gaap Payments To Acquire Intangible Assets
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CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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CY2010 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2010 us-gaap Inventory Write Down
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CY2010 us-gaap Increase Decrease In Inventories
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CY2010 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2010 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
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CY2010 us-gaap General And Administrative Expense
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CY2010 atec Mark To Market For Third Party Restricted Stock
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CY2011 atec Share Based Compensation Effect On Earnings Per Share Basic And Diluted
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CY2012 atec Defined Contribution Plan Employer Contribution Vesting Period
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